In this interview, Sam Antar will explain how he committed one of the most infamous frauds of the 1980’s, the Crazy Eddie scam fraud. He will explain how those engaged in fraud prey on the psychological and cognitive vulnerabilities of gatekeepers such as attorneys and accountants, as well as their victims. He will discuss why the current framework involving compliance, audits, and law enforcement do little to protect investors from fraud.

In this interview, Sam Antar will explain how he committed one of the most infamous frauds of the 1980’s, the Crazy Eddie scam fraud. He will explain how those engaged in fraud prey on the psychological and cognitive vulnerabilities of gatekeepers such as attorneys and accountants, as well as their victims. He will discuss why the current framework involving compliance, audits, and law enforcement do little to protect investors from fraud. Finally, Antar will offer tips and techniques on spotting criminal behavior and accounting fraud using both the Crazy Eddie fraud and current cases as examples.

Specific topics include:

Psychological and cognitive vulnerabilities of auditors that made Crazy Eddie fraud successful

Crime and punishment - Ethical considerations behind plea bargaining

Red flags missed by auditors and investors

Audit and law enforcement weaknesses

How to find accounting irregularities in plain sight

Objectives:

Understand the behavioral characteristics of fraudsters and how they exploit your psychological and cognitive vulnerabilities.